Company’s 36-month beta value is 1.54.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for WRAP is 31.62M, and currently, short sellers hold a 16.04% ratio of that floaft. The average trading volume of WRAP on October 24, 2024 was 117.91K shares.
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WRAP) stock’s latest price update
Wrap Technologies Inc (NASDAQ: WRAP)’s stock price has soared by 4.76 in relation to previous closing price of 1.68. Nevertheless, the company has seen a gain of 7.98% in its stock price over the last five trading days. globenewswire.com reported 2024-10-16 that TEMPE, Ariz., Oct. 16, 2024 (GLOBE NEWSWIRE) — Wrap Technologies, Inc. (NASDAQ: WRAP) (the “Company”), a global leader in innovative public safety solutions, announced today that it received written notice from the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding periodic reporting.
WRAP’s Market Performance
Wrap Technologies Inc (WRAP) has experienced a 7.98% rise in stock performance for the past week, with a 23.08% rise in the past month, and a -3.30% drop in the past quarter. The volatility ratio for the week is 11.76%, and the volatility levels for the past 30 days are at 7.86% for WRAP. The simple moving average for the past 20 days is 11.62% for WRAP’s stock, with a -18.44% simple moving average for the past 200 days.
Analysts’ Opinion of WRAP
Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see WRAP reach a price target of $26.50. The rating they have provided for WRAP stocks is “Buy” according to the report published on May 03rd, 2021.
Maxim Group gave a rating of “Buy” to WRAP, setting the target price at $11 in the report published on April 15th of the previous year.
WRAP Trading at 14.28% from the 50-Day Moving Average
After a stumble in the market that brought WRAP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.89% of loss for the given period.
Volatility was left at 7.86%, however, over the last 30 days, the volatility rate increased by 11.76%, as shares surge +14.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.38% upper at present.
During the last 5 trading sessions, WRAP rose by +7.98%, which changed the moving average for the period of 200-days by -37.25% in comparison to the 20-day moving average, which settled at $1.5768. In addition, Wrap Technologies Inc saw -43.23% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WRAP starting from NORRIS ELWOOD G, who sale 39,990 shares at the price of $1.84 back on Oct 17 ’24. After this action, NORRIS ELWOOD G now owns 898,549 shares of Wrap Technologies Inc, valued at $73,522 using the latest closing price.
NORRIS ELWOOD G, the 10% Owner of Wrap Technologies Inc, sale 22,186 shares at $1.63 during a trade that took place back on Oct 16 ’24, which means that NORRIS ELWOOD G is holding 938,539 shares at $36,199 based on the most recent closing price.
Stock Fundamentals for WRAP
Current profitability levels for the company are sitting at:
- -2.3 for the present operating margin
- 0.51 for the gross margin
The net margin for Wrap Technologies Inc stands at -3.05. The total capital return value is set at -2.97. Equity return is now at value -184.91, with -82.99 for asset returns.
Based on Wrap Technologies Inc (WRAP), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at -10.26. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is -71.94.
Currently, EBITDA for the company is -17.76 million with net debt to EBITDA at -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 11.13. The receivables turnover for the company is 2.23for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In a nutshell, Wrap Technologies Inc (WRAP) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
